Parts & Crafts Inc
Nonprofit profile at a glance
- EIN
- 770591130
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Somerville, MA, USA
- Phone
- 6172078016
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $412,095
- Expenses
- $474,568
- Assets
- $411,054
- Liabilities
- $133,681
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- MICHAEL GASPER (PRESIDENT)
Highest reported compensation
- KELLY BRIE TAYLOR (CLERK): $55,386 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Parts & crafts is a makerspace and community workshop in somerville, ma. We encourage kids to think and make and learn and do through the exploration of the arts, science, computer programming, and engineering, a cluster of disciplines we refer to as the "creative application of technical skills". In all of our programs we aim to create a supportive environment for self-diirected learning where young people can learn hands-on skills, gain comptency in basic tool use, and work on creative projects.
What it reported doing in 2024
The organization is a member-supported, family makerspace and community workshop based in somerville, ma. The organization's programs include camps, a full-time school-alternative program, afterschool and weekend classs and workshops, and other community and family events.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 83
- Accountability: 69
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.2%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 11.7%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.9% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $422K in reported program spending
- Leadership: top reported pay $55K · 3 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 17/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 27/100.